The scale of transactions in the international capital market has
A) grown more quickly than world GDP since the early 1970s.
B) grown less quickly than world GDP since the early 1970s.
C) grown about the same rate as the world GDP since the early 1970s.
D) been fixed by international regulations.
E) decreased more quickly than world GDP since the early 1970s.
A
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According to the Taylor, if there is a recessionary gap of 3 percent of potential output and inflation is 4 percent, what real interest rate will the Fed set?
A. 0.02 B. 0.03 C. 0.015 D. 0.025
Goods and services bought by the government account for about ________ percent of total production
A) 8 B) 2 C) 67 D) 17 E) 35
Decreases in government spending
a. shift the aggregate supply to the right. b. have no effect on aggregate demand. c. shift the aggregate demand curve to the right. d. shift the aggregate demand curve to the left.
If demand is elastic, an increase in price will decrease total revenue
a. True b. False Indicate whether the statement is true or false